Clinton Hess

The purpose of Data analytics guide: https://bit.ly/444z4nX is to provide answers to some of the most often asked questions by credit union leaders regarding how to get started with data analytics and how to assess if their efforts are yielding the desired outcomes. #CreditUnions #dataanalytics #datagovernance #programagility #transformationroadmap #frictionlessmemberjourney #Alignment #measurement #monitoring #advancedanalytics #businessstrategy #DataStrategy #Datavision #dataguide #dataculture #datamaturity

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To all #CDFI #CreditUnions Worried About Losing Certification: On December 7, 2023, the Community Development Financial Institutions Fund (CDFI Fund) published a revised CDFI Certification Application. Since then, CUCollaborate has heard from many credit unions that they worry about retaining Certification under the revised application. So, over the last few months, we have been working hard to develop strategies -- and the necessary software to support them -- to provide credit unions the best chance of retaining Certification. Below are some of the strategies, including software we have developed: 1. Custom Investment Areas (IA): While the revised certification application has significantly diminished the potential impact of custom IAs, they are still a critical tool for credit unions within reach of Certification but not quite there. Our software draws mathematically optimized, custom IAs based on a credit union’s lending activity and financial services. 2. Financial Services Option Analysis: Under the revised application, credit unions that either have 60% by number and 50% of the dollar, or 50% by number and 60% by dollar, can retain Certification if at least 60% of the credit union's depository account holders are members of one or more eligible Target Markets. We have found that the combination of a mathematically optimized Custom IA and the Financial Services Option is particularly effective in retaining Certification, specifically in desperate cases. 3. Target Market API: We have developed a CDFI Target Market API which supports a number of strategies to ensure that you meet your target market lending requirements moving forward. We have established, and continue to add more partnerships, with Fintechs (like National Auto Loan Network, LoanStar Technologies, GreenLyne, etc.) and loan participation platforms (like Aluvy, etc.) to help source qualified lending to ensure credit unions retain certification in the future. 4. CDFI Certification Dashboard: We have also developed a data analytics platform, allowing credit unions to monitor the necessary statistics to retain certification on a rolling basis to ensure that if they start to fall behind, proactive action may be taken before it is too late. 5. CUSO Strategies: If all else fails, credit unions can leverage CUSOs to either help the credit union attain or retain Certification directly OR indirectly gain the many benefits conferred by CDFI Certification through a CDFI Loan Fund CUSO. We know the value of your CDFI Certification, which is why we have invested significantly in developing strategies and proprietary technology that help credit unions retain Certification. Moreover, the software we have developed allows us to help credit unions retain Certification in instances when it would simply be impossible without it. If you believe you are in jeopardy of losing your certification, please contact us: https://lnkd.in/gsysDMTp

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Join us at the upcoming CULytics Workshop, "Measuring What Matters: Implementing OKRs in Credit Unions." This engaging, two-session event is tailored for credit union executives and department leaders, offering practical tools and insights to set, align, and achieve key objectives that drive organizational success. [https://zurl.co/Ie8V] Session 1 Highlights: Introduction to OKRs: Understanding the Basics Crafting Powerful Objectives: What Makes a Good Objective? Defining Key Results: Distinguishing Between Key Results and Performance Metrics Interactive Exercise: Participants will draft preliminary OKRs for their organizations. Register Now: https://zurl.co/Ie8V Not a CULytics member yet? https://zurl.co/sL4B

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For community banks -- particularly those with CRE concentrations -- not all stress tests are created equal. Patti Casaleggio has written a great piece about what banks should consider in their stress testing partner. This is especially important for banks trying to weight the considerations of picking between an advisory service or a software-as-a-service solution. https://lnkd.in/eqidjufe

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🔈Attention CUNA Strategic Services members! We are excited to team up with CUNA Strategic Services and Dave Olsen from Cooperative Credit Union Association for a webinar panel about safeguarding your credit union's future. 🏦 Be sure to join us on July 24 to discuss emerging threats as well as what to do and how to act quickly when disaster strikes! #CreditUnions #Resilience #MakeRecoveryHappen #Webinar

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Join us for Session 2 of the CULytics Workshop, "Measuring What Matters: Implementing OKRs in Credit Unions." This engaging, two-session event is designed for credit union executives and department leaders, providing practical tools and insights to set, align, and achieve key objectives that drive organizational success. [https://lnkd.in/g5Suxa4T] Session 2: Implementing and Aligning OKRs Across the Organization Highlights: Aligning Teams and Departments: Strategies for Effective Collaboration and Accountability Monitoring and Measuring Success: Establishing OKR Review Rhythms Addressing Common Pitfalls: Tips for Sustaining an OKR Program Interactive Review: Feedback session on participant-created OKRs and alignment strategies. Register Now: https://lnkd.in/g5Suxa4T Watch Session 1 Here - https://lnkd.in/g_jZF6nP

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Time to bust some Credit Union myths! Don’t believe everything you hear.👂 💬 Let’s separate fact from fiction with our own DEI Program Leader, Jennifer Jeffries, and other experts. #FIGFCU #CreditUnion #CreditUnionMyths #CreditUnionStrong #MemberOwned #CreditUnionLife #PersonalFinance #FinancialWellness #CreditUnionBenefits #CreditUnionProud #MemberServices #CreditUnionNation

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Credit union leaders are excelling in #dataanalytics! The CULytics Data Analytics Guide offers valuable insights for implementing and assessing data initiatives. Check it out: https://zurl.co/93Qc #CreditUnions

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How is your team tackling the spikes in #delinquency 🤔 #CreditUnions and Community #Banks are turning to Eltropy's #AI-Powered Conversations Platform to tackle rising delinquency rates in the lending industry. As delinquencies spike, our innovative solution is empowering financial institutions to navigate challenges and enhance customer interactions 📱 Check out the full release ⬇️ https://lnkd.in/ghkK5Gax

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The Beige Book is out! In the SF Fed report, you can read about how businesses across the 12th Federal Reserve District (all 9 western states + 3 territories) are using GenAI to augment, rather than replace, their workforce, and how consumers have become more sensitive [and resistent] to price increases in recent weeks. Plus, many more interesting trends and anecdotes! #BeigeBook #Fed #SFFed #GenAI

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There's still time to register for this new webinar series, Safeguarding Your Credit Union’s Future, from CUNA Strategic Services. This monthly webinar series will take on the hot topics in the movement and connect you with alliance providers who can help you safeguard your #creditunion against threats and bridge the gaps that prevent your credit union from growing and thriving. Join CSS and ADVANTAGE, powered by JMFA on May 30 to hear from expert panelists on the future of overdrafts amid heightened competition as they discuss the challenges and opportunities facing credit unions and address topics including regulatory expectations, evolving consumer needs, and strategies to preserve revenue. Register: https://hubs.li/Q02wQLQx0

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Looking to maximize the efficiency of your citizen developer projects? Look no further! Join us in watching a compelling video featuring Major Sandin, SVP of Risk Strategy at U.S. Bank, as he shares invaluable insights on the pivotal role of IT collaboration in project success. 🚀 Don't miss out on Major Sandin's expert advice! Watch the video now:  https://lnkd.in/eg6iFiA3 #CitizenDevelopers #ITCollaboration #Innovation #AI #ArtificialIntelligence #MachineLearning #DigitalTransformation

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The purpose of Data analytics guide: https://bit.ly/444z4nX is to provide answers to some of the most often asked questions by credit union leaders regarding how to get started with data analytics and how to assess if their efforts are yielding the desired outcomes. #CreditUnions #dataanalytics #datagovernance #programagility #transformationroadmap #frictionlessmemberjourney #Alignment #measurement #monitoring #advancedanalytics #businessstrategy #DataStrategy #Datavision #dataguide #dataculture #datamaturity

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"Growing deposits and increasing operational efficiency are top priorities for community and regional financial institutions, according to Jack Henry’s sixth-annual survey of bank and credit union CEOs." #ownersrepresentative #financialinstitution #creditunion #credituniondesign #bank #bankdesign #structurefirst

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Well well. The decision to exempt the small banks from the SVB/Signature special assessment comes back into focus at the BPI as big banks decide that crisis really had nothing to do with them. “Despite the stability of the largest U.S. banks during last year’s turmoil, these banks have borne the brunt of the FDIC assessment, which the agency finalized prematurely without sufficient explanation of their policy choices. The estimated amount of the assessment continues to change following a 25 percent upwards adjustment in the quarter after adoption.” The ICBA won’t like this. ;-) #banks Federal Deposit Insurance Corporation (FDIC)

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A recent study from CUESolutions provider CUNA Mutual Group revealed that credit union members who participated in financial wellness programs saw a 28% increase in savings within just 12 months. These programs cover financial education, coaching and personalized tools. They equip members with technical skills while empowering them to make informed decisions, build resilience and, ultimately, achieve financial well-being—where money is a tool for a fulfilling life, not a source of constant anxiety. This article from CUES Supplier member Enrich Financial Wellness dives into the transformative potential of these programs, exploring their impact on both individual well-being and the overall health of credit unions. Read on to examine the key components of effective financial wellness initiatives and uncover the metrics that track their success. https://hubs.la/Q02tqdYZ0 #CreditUnions #FinancialWellness #FinancialLiteracyMonth #FinancialEducation #FinancialLiteracy

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